Analysis Cryptos Support & Resistance

BTC update for October 26,.2022 – Breakout of the triangle pattern in the background

Technical
analysis:

analytics6358da6586c8b.jpg

BTC/USD
has been trading upside ans
the price is near the main upside objective at $20.455. There is
potential for test of the first upside target.

Trading
recommendation:

Due
to the breakout
of the triangle pattern in the background, there is potential for further rally.

Watch
for the potential buying opportunities on the intraday dips with the
upside objectives
at the price of $20.450
and $22.450.

MACD
oscillator is showing fresh upside momentum, which is strong sign
that buyers are in control.

Support
is set at the price of $19.900

The material has been provided by InstaForex Company – www.instaforex.com


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